Brazil Summons IMF Rep Home After Abstention on Greece Vote
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Brazil is calling home its International Monetary Fund representative who went against the government and abstained from a vote to lend more to Greece, Finance Minister Guido Mantega said today.
The minister asked Paulo Nogueira Batista to return home and discuss why he abstained without consulting Brazil’s government, Mantega told reporters in Brasilia, adding the representative will keep his job. Mantega spoke with IMF Managing Director Christine Lagarde today, expressed support for the latest disbursement under a joint IMF-euro area loan, and said Batista spoke without authorization from the government.